India clears Gokulanand’s Gujarat POY expansion

06 November 2008 12:56  [Source: ICIS news]

NEW DELHI (ICIS news)--India has decided to grant environmental approval to Gokulanand Petrofibres to expand its polyester plant in the Surat district of Gujarat, a government official said on Thursday.

The Indian rupees (Rs) 1.57bn ($33m) project provides for expansion of partially oriented yarn (POY) capacity to 105,000 tonnes/year from 21,000 tonnes/year and setting up of a polyester chip unit with 17,500 tonnes/year of capacity.

Captive power capacity will also be doubled to 6 megawatts.

The company is part of the Gokulanand textiles group.

($1 = Rs47.33)

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By: Naresh Minocha
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